Hello
Presenting a case for your guidance:
An employee whose PF was earlier deducted on Rs 10000 (both sides 12%) is lowered to statutory ceiling of Rs 6500 (i.e both sides to deduct 12% on Rs 6500). The employee has agreed to this but says that his (employees) PF contribution should still be deducted on Rs 10000 & the employer to deduct on Rs 6500. How is this possible since as per my knowledge their cannot be 02 different bases (Rs 6500 & Rs 10000) for calculating EPF, Pension & EDLI.
Please throw some light on this case.
Presenting a case for your guidance:
An employee whose PF was earlier deducted on Rs 10000 (both sides 12%) is lowered to statutory ceiling of Rs 6500 (i.e both sides to deduct 12% on Rs 6500). The employee has agreed to this but says that his (employees) PF contribution should still be deducted on Rs 10000 & the employer to deduct on Rs 6500. How is this possible since as per my knowledge their cannot be 02 different bases (Rs 6500 & Rs 10000) for calculating EPF, Pension & EDLI.
Please throw some light on this case.